Dead end street -Little traffic

Finished basement

Three bedrooms with a possibility of a fourth in the finished basement.

Extra bathroom in the basement.

Fenced in rear yard.

NOT a short sale! -Answer in Hours or Days. Not months.

Should be no problem getting your FHA mortgage!

Sorry no Rental or lease option or land contract-Bank is not interested in that.

Act quick and i’ll get you a 2 year warranty with purchase!

Built in 1980

992 sq. ft. -main floor only

Nice house!

For more information on buying this or any other home near the Wyoming area, call someone who has lived there for most of his life. Call:

Daniel J Farkas
Realtor ABR GRI
Real Estate One Success
1750 Grand Ridge Ct NE Suite 200
Grand Rapids, Mi 49525

616-437-1011 Call direct. Call now!

Thank you for taking the time to look at my page. If you are looking to purchase a home or investment in the near future this might be what you need. Here is a list of homes that WILL be coming up for sale in the near future. I can get you in some of them now if you would like to be one of the first in line to buy these houses at significant savings. Please remember that I do NOT have prices on these houses I WILL not until they get listed. But, if you are not working with a REALTOR, and want to get a deal, give me a call at 616-437-1011 and let’s talk. I will let you know my best GUESS of when they will be coming up so you can plan accordingly. Please remember that these are all foreclosed homes and I do not set the price on these….The bank does.

3077 stonewood st NW Walker/Grand Rapids

A newer bi-level with a deck and 2 car garage in newer neighborhood. CLEAN AND READY FOR YOUR STUFF

1721 Eastern Ave SE Grand Rapids

needs some cleaning and small cosmetic repair. could be a good starter or rental.

2001 Conservation TRL Lowell

A newer “open air” two story condo with three bedrooms and fireplace. Main floor laundry. NICE PLACE

833 10th st NW Grand Rapids

a large two family home with full basement and 1 stall garage

302 Floyd ave Sw Wyoming

3 bedroom 2 bath with finished basement and NO garage. Built in late 1970’s or early 1980’s MOVE IN READY······

1852 Plymouth ave SE

Nice neat affordable home in a nice neighborhood. Some repairs are being done to help you ” JUST MOVE IN”

985 61st St Gaines Township

Quiet dead end street. Pretty nice place to call home.

I have more coming, and always do! Please call for latest list, or to describe what you need and I will beletting you know when I get it

611-437-1011

DAN FARKAS
Realtor ABR, GRI
Real Estate One Success
1750 Grand Ridge Ct Suite 200
Grand Rapids, Mi 49525

check out some of the pictures and if there is anything else you need, just e-mail me and I will help you out!

Daniel J Farkas
Realtor ABR,GRI
RE/MAX Success
1750 Grand Ridge Ct NE Suite 200
Grand Rapids, MI 49525
616-437-1011 cell
Dfarkas@grar.com

Daniel J Farkas Realtor ABR,GR IRE/MAX Real Estate Professionals1750 Grand Ridge Ct. NE Grand Rapids, MI 49525(616)7241512 Office (616)437-1011 Cell

Daniel J Farkas
Realtor ABR,GRI
RE/MAX Real Estate Professionals
1750 Grand Ridge Ct. NE
Grand Rapids, MI 49525
(616)7241512 Office
(616)437-1011 Cell

If you would like a video made of a home that you are thinking of buying, call me. I will make it happen.



FOR A PRIVATE SHOWING CONTACT:

Daniel J Farkas
Realtor ABR GRI
RE/MAX Real Estate Professionals
1750 Grand Ridge Ct NE SUite 200
616-437-1011
Dan@Farkai.com

· The tax credit is for first-time home buyers. However, you may still qualify as a first time buyer if you have not owned a “principal residence” in the last 3 years. Also, you can currently own rental property (not “principal residence”) and still qualify. Also, parents buying a home with their child also qualify.
· The tax credit does not have to be repaid.
· The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
· A home can be a single-family, condo, modular, even a houseboat to qualify.
· The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
· Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. Below, I’ve included the most common FAQ’s regarding this program. If you know of someone considering purchasing a home, please forward this information to them. Your referrals are always appreciated.

Daniel J Farkas
RE/MAX Real Estate Professionals
1750 Grand Ridge Ct NE
Suite 200
Grand Rapids, MI 49525
(616) 437-1011
Dfarkas@GRAR

COMMON FAQ’s

1. Who is eligible to claim the tax credit?
First-time home buyers purchasing any kind of home-new or resale-are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before December 1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner.

2. What is the definition of a first-time home buyer?
The law defines “first-time home buyer” as a buyer who has not owned a principal residence during the three year period prior to the purchase. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse.For example, if you have not owned a home in the past three years but your spouse has owned a principal residence, neither you nor your spouse qualifies for the first-time home buyer tax credit. However, unmarried joint purchasers may allocate the credit amount to any buyer who qualifies as a first-time buyer, such as may occur if a parent jointly purchases a home with a son or daughter. Ownership of a vacation home or rental property not used as a principal residence does not disqualify a buyer as a first-time home buyer.

3. How is the amount of the tax credit determined?
The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.

4. Are there any income limits for claiming the tax credit?
The tax credit amount is reduced for buyers with a modified adjusted gross income (MAGI) of more than $75,000 for single taxpayers and $150,000 for married taxpayers filing a joint return. The tax credit amount is reduced to zero for taxpayers with MAGI of more than $95,000 (single) or $170,000 (married) and is reduced proportionally for taxpayers with MAGIs between these amounts.

5. What is “modified adjusted gross income”?
Modified adjusted gross income or MAGI is defined by the IRS. To find it, a taxpayer must first determine “adjusted gross income” or AGI. AGI is total income for a year minus certain deductions (known as “adjustments” or “above-the-line deductions”), but before itemized deductions from Schedule A or personal exemptions are subtracted. On Forms 1040 and 1040A, AGI is the last number on page 1 and first number on page 2 of the form. For Form 1040-EZ, AGI appears on line 4 (as of 2007). Note that AGI includes all forms of income including wages, salaries, interest income, dividends and capital gains. To determine modified adjusted gross income (MAGI), add to AGI certain amounts such as foreign income, foreign-housing deductions, student-loan deductions, IRA-contribution deductions and deductions for higher-education costs.

6. If my modified adjusted gross income (MAGI) is above the limit, do I qualify for any tax credit?
Possibly. It depends on your income. Partial credits of less than $8,000 are available for some taxpayers whose MAGI exceeds the phaseout limits.

7. Can you give me an example of how the partial tax credit is determined?
Just as an example, assume that a married couple has a modified adjusted gross income of $160,000. The applicable phaseout to qualify for the tax credit is $150,000, and the couple is $10,000 over this amount. Dividing $10,000 by $20,000 yields 0.5. When you subtract 0.5 from 1.0, the result is 0.5. To determine the amount of the partial first-time home buyer tax credit that is available to this couple, multiply $8,000 by 0.5. The result is $4,000. Here’s another example: assume that an individual home buyer has a modified adjusted gross income of $88,000. The buyer’s income exceeds $75,000 by $13,000. Dividing $13,000 by $20,000 yields 0.65. When you subtract 0.65 from 1.0, the result is 0.35. Multiplying $8,000 by 0.35 shows that the buyer is eligible for a partial tax credit of $2,800.Please remember that these examples are intended to provide a general idea of how the tax credit might be applied in different circumstances. You should always consult your tax advisor for information relating to your specific circumstances.

8. How is this home buyer tax credit different from the tax credit that Congress enacted in July of 2008?
The most significant difference is that this tax credit does not have to be repaid. Because it had to be repaid, the previous “credit” was essentially an interest-free loan. This tax incentive is a true tax credit. However, home buyers must use the residence as a principal residence for at least three years or face recapture of the tax credit amount. Certain exceptions apply.

9. How do I claim the tax credit?
Do I need to complete a form or application?Participating in the tax credit program is easy. You claim the tax credit on your federal income tax return. Specifically, home buyers should complete IRS Form 5405 to determine their tax credit amount, and then claim this amount on Line 69 of their 1040 income tax return. No other applications or forms are required, and no pre-approval is necessary. However, you will want to be sure that you qualify for the credit under the income limits and first-time home buyer tests.

10. What types of homes will qualify for the tax credit?
Any home that will be used as a principal residence will qualify for the credit. This includes single-family detached homes, attached homes like townhouses and condominiums, manufactured homes (also known as mobile homes) and houseboats. The definition of principal residence is identical to the one used to determine whether you may qualify for the $250,000 / $500,000 capital gain tax exclusion for principal residences.

11. I read that the tax credit is “refundable.” What does that mean?
The fact that the credit is refundable means that the home buyer credit can be claimed even if the taxpayer has little or no federal income tax liability to offset. Typically this involves the government sending the taxpayer a check for a portion or even all of the amount of the refundable tax credit.For example, if a qualified home buyer expected, notwithstanding the tax credit, federal income tax liability of $5,000 and had tax withholding of $4,000 for the year, then without the tax credit the taxpayer would owe the IRS $1,000 on April 15th. Suppose now that the taxpayer qualified for the $8,000 home buyer tax credit. As a result, the taxpayer would receive a check for $7,000 ($8,000 minus the $1,000 owed).

12. I purchased a home in early 2009 and have already filed to receive the $7,500 tax credit on my 2008 tax returns. How can I claim the new $8,000 tax credit instead?
Home buyers in this situation may file an amended 2008 tax return with a 1040X form. You should consult with a tax advisor to ensure you file this return properly.

13. Instead of buying a new home from a home builder, I hired a contractor to construct a home on a lot that I already own. Do I still qualify for the tax credit?
Yes. For the purposes of the home buyer tax credit, a principal residence that is constructed by the home owner is treated by the tax code as having been “purchased” on the date the owner first occupies the house. In this situation, the date of first occupancy must be on or after January 1, 2009 and before December 1, 2009. In contrast, for newly-constructed homes bought from a home builder, eligibility for the tax credit is determined by the settlement date.

14. Can I claim the tax credit if I finance the purchase of my home under a mortgage revenue bond (MRB) program?
Yes. The tax credit can be combined with the MRB home buyer program. Note that first-time home buyers who purchased a home in 2008 may not claim the tax credit if they are participating in an MRB program.

15. I live in the District of Columbia . Can I claim both the Washington , D.C. first-time home buyer credit and this new credit?
No. You can claim only one.

16. I am not a U.S. citizen. Can I claim the tax credit?
Maybe. Anyone who is not a nonresident alien (as defined by the IRS), who has not owned a principal residence in the previous three years and who meets the income limits test may claim the tax credit for a qualified home purchase. The IRS provides a definition of “nonresident alien” in IRS Publication 519.

17. Is a tax credit the same as a tax deduction?
No. A tax credit is a dollar-for-dollar reduction in what the taxpayer owes. That means that a taxpayer who owes $8,000 in income taxes and who receives an $8,000 tax credit would owe nothing to the IRS.A tax deduction is subtracted from the amount of income that is taxed. Using the same example, assume the taxpayer is in the 15 percent tax bracket and owes $8,000 in income taxes. If the taxpayer receives an $8,000 deduction, the taxpayer’s tax liability would be reduced by $1,200 (15 percent of $8,000), or lowered from $8,000 to $6,800.

18. I bought a home in 2008. Do I qualify for this credit?
No, but if you purchased your first home between April 9, 2008 and January 1, 2009, you may qualify for a different tax credit.

19. Is there any way for a home buyer to access the money allocable to the credit sooner than waiting to file their 2009 tax return?
Yes. Prospective home buyers who believe they qualify for the tax credit are permitted to reduce their income tax withholding. Reducing tax withholding (up to the amount of the credit) will enable the buyer to accumulate cash by raising his/her take home pay. This money can then be applied to the downpayment.Buyers should adjust their withholding amount on their W-4 via their employer or through their quarterly estimated tax payment. IRS Publication 919 contains rules and guidelines for income tax withholding. Prospective home buyers should note that if income tax withholding is reduced and the tax credit qualified purchase does not occur, then the individual would be liable for repayment to the IRS of income tax and possible interest charges and penalties. Further, rule changes made as part of the economic stimulus legislation allow home buyers to claim the tax credit and participate in a program financed by tax-exempt bonds. Some state housing finance agencies, such as the Missouri Housing Development Commission, have introduced programs that provide short-term credit acceleration loans that may be used to fund a downpayment. Prospective home buyers should inquire with their state housing finance agency to determine the availability of such a program in their community.

20. If I’m qualified for the tax credit and buy a home in 2009, can I apply the tax credit against my 2008 tax return?
Yes. The law allows taxpayers to choose (”elect”) to treat qualified home purchases in 2009 as if the purchase occurred on December 31, 2008. This means that the 2008 income limit (MAGI) applies and the election accelerates when the credit can be claimed (tax filing for 2008 returns instead of for 2009 returns). A benefit of this election is that a home buyer in 2009 will know their 2008 MAGI with certainty, thereby helping the buyer know whether the income limit will reduce their credit amount.Taxpayers buying a home who wish to claim it on their 2008 tax return, but who have already submitted their 2008 return to the IRS, may file an amended 2008 return claiming the tax credit. You should consult with a tax professional to determine how to arrange this.

21. For a home purchase in 2009, can I choose whether to treat the purchase as occurring in 2008 or 2009, depending on in which year my credit amount is the largest?
Yes. If the applicable income phaseout would reduce your home buyer tax credit amount in 2009 and a larger credit would be available using the 2008 MAGI amounts, then you can choose the year that yields the largest credit amount.

FEEL FREE TO PRINT AND FORWARD TO YOUR FRIENDS AND FAMILY!

For more information or to make an offer on this great priced property contact:

Daniel J Farkas
Realtor ABR,GRI
RE/MAX Real Estate Professionals
1750 Grand Ridge Ct. NE
Grand Rapids, MI 49525
(616)7241512 Office
(616)437-1011 Cell
“100% all the time, every time”

For more information:

Daniel J Farkas
Realtor ABR,GRI
RE/MAX Real Estate Professionals
1750 Grand Ridge Ct. NE
Grand Rapids, MI 49525
(616)7241512 Office
(616)437-1011 Cell

“100% all the time, every time”

Daniel J Farkas Realtor ABR,GR IRE/MAX Real Estate Professionals 1750 Grand Ridge Ct. NE Grand Rapids, MI 49525(616) 724-1512 Office (616)437-1011 Cell

Want a buyer’s agent that offers to do more? Here I am! It’s free for you to use me!